Is West Point, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Point is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, West Point has remained a Seller's Market.

Key Takeaway

West Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Point, VA

How much do homes in West Point, VA cost?

Median Sold Price

$315,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,000(+5.7%)

Key Takeaway

Homes in West Point have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in West Point was $315,000 in April 2024, up 5.7% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $205.5K$225K
+9.5%
3 $285.4K$306K
+7.2%
4 $381.4K$362K
-5.1%
5+ $420.5K$450K
+7.0%

Summary: West Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Buena Vista
+46.6%
Mattaponi
+37.4%
West Point
+5.7%

Housing Supply in West Point, VA

How many homes are available in West Point, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5251-1.9%

Summary: The West Point real estate market had 51 homes for sale in April 2024, a 1.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 3736
-2.7%
4 912
+33.3%
5+ 10
-100.0%

Summary: The West Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
10100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Point, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in West Point in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.

Days on Market for West Point, VA

How long does it take to sell a home in West Point, VA?

Average Sale Time

Apr 2023Apr 2024CHANGE
48 Days58 Days+20.3%

Summary: Homes in West Point had an average of 58 days on market in Apr 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Point are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 homes were sold in West Point; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in West Point, VA

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